Tech Industry job layoffs looking scary

[Cakebatter]

That's not necessarily the case.

Wages shot up after the 2008 recession, wages will shoot up after this current period of uncertainty.
Companies over hired during the Covid recovery, and are now laying folks off, but when it comes to the next hiring wave companies are gonna look at the labor market and see all of talent that Covid removed.

The biggest percentage of the US working population is aging out or dying early, and not enough folks to replace them.

So companies are either going to offshore at the cost of quality
Automate
or pay higher wages cuz competition for "skilled" workers is that much tighter.

Im sorry, but Im unaware of mass hirings after the lockdowns (Covid Recovery) alongside the work from home boom. I do remember the boom in hiring Pre-Pandemic which helped fuel the "Learn to Code" meme, and coding bootcamp industry. Regarding the post- 2008 recession, we were in a second tech boom. We saw the rise of Twitter, Instagram, Snapchat, Uber, Netflix as an VOD company, AWS went cloud a few years prior, and a host of other tech startups and unicorns. Is anyone really expecting that in the next few years? I havent heard it. I just dont see this as normal cycle, but a unique occurance.

 

[PrnzHakeem]

Im sorry, but Im unaware of mass hirings after the lockdowns (Covid Recovery) alongside the work from home boom. I do remember the boom in hiring Pre-Pandemic which helped fuel the "Learn to Code" meme, and coding bootcamp industry. Regarding the post- 2008 recession, we were in a second tech boom. We saw the rise of Twitter, Instagram, Snapchat, Uber, Netflix as an VOD company, AWS went cloud a few years prior, and a host of other tech startups and unicorns. Is anyone really expecting that in the next few years? I havent heard it. I just dont see this as normal cycle, but a unique occurance.

I remember the crypto and Fintech fueled boom in hiring in 2021. That's partially what brought me to the tech industry, and what I had to contend with in my role as a comp professional.

Coming out of this current period, there will be less hirings (compared to # of jobs lost to layoffs) but also not enough talent to fill these roles.

Let's be honest, alot of folk not suited to tech got pulled into it over the last 2 years and probably will never go back. But the folks that stay will be able to command the same or higher salaries.

 

[Bleed The Freak]

Disney 7k how huh too

Gonna merge all 3 apps to one

 

[Lord_nikon]

 

[Michael's Black Son]

Disney 7k how huh too

Gonna merge all 3 apps to one

Bloodshed.

This year is gon be a wild ride.

 

[eastsideTT]

Blame the CEO for tech layoffs at Google, Facebook, Salesforce, Amazon

Tech CEOs at companies like Facebook, Google, and Amazon screwed up — but it's the laid-off employees who are paying the price.

www.businessinsider.com

Not sure if this was posted here yet. Apologies if it was. fukk most of these companies man

 

[Lord_nikon]

These layoff reaction videos are all over YouTube.

I like this chicks energy and no valley girl voice nevertheless that's fukked up

 

[Silkk]

Disney 7k how huh too

Gonna merge all 3 apps to one

Hulu, Disney+, & ESPN?

 

[Saysumthinfunnymike]

hold up...Disney got somethin to say..

 

[Bleed The Freak]

Hulu, Disney+, & ESPN?

What each streaming service has up its sleeve in 2023

What Disney+ is planning for 2023​

Looking back on 2022, Disney+ experienced a lot of major changes, including the launch of its ad-supported tier as well as the unexpected return of Bob Iger as CEO.

The “Disney+ Basic” plan is $7.99/month and was launched in order to give Disney+ more subscribers. The company wants to reach 230-260 million Disney+ subscribers by 2024. In the fourth quarter of 2022, Disney+ reported 164.2 million global subscribers in total.

However, there is one major issue with the ad launch: Disney+ Basic is unavailable on Roku devices. TechCrunch estimates that Disney and Roku will reach an agreement to change that sometime in late 2023 — but that’s just a guess.


Alongside Disney+’s new subscription plan, the streamer introduced changes to the Disney Bundle as well as a price hike to its ad-free plan.

In November 2022, Bob Chapek stepped down as CEO of Disney and was replaced by Bob Iger, the former CEO, who had only vacated the spot in 2021. Hopefully, Iger can help the company achieve profitability by its fiscal 2024. In Q4 2022, when Chapek was still CEO, Disney’s direct-to-consumer division lost $1.5 billion in revenue.

In 2023, Disney+ is planning an international expansion to 30 additional countries, which would bring the total to over 160 countries. Over the summer, the streamer launched in 42 countries and 11 territories.

Also, beginning next year, Disney+ will be the exclusive international home for new “Doctor Who” episodes.


One significant feature coming to the streaming service is an exclusive shopping experience for Disney+ subscribers. The online shop, which is currently in the testing phase, offers users merchandise from Disney-owned brands, such as Star Wars, Marvel, Disney Animation Studios and Pixar. The company is also reportedly exploring the idea of a membership program similar to Amazon Prime. There are no official launch dates for either feature.

What Hulu is planning for 2023​

Not much happened for the Disney-owned streaming service Hulu this year, apart from annoying price increases and losing titles to rival Peacock. The streamer did however reach a milestone of 58 Emmy nominations. Hulu is also beginning 2023 with 47.2 million subscribers.

If you’ve been following the Disney/Comcast spectacle, then you know that Disney is expected to buy Comcast’s stake in Hulu by the end of 2024. Comcast owns 33%, whereas Disney owns 66%. However, when Chapek was still CEO, he alluded in a Variety interview that Disney could buy the rights sooner than that — perhaps in 2023. This depends on if Comcast “is willing to have discussions that would bring that to fruition earlier,” Chapek said.

Whenever Disney ends up buying Comcast’s stake in Hulu — either by 2023 or 2024 — the company may be planning on merging Hulu with Disney+ and ESPN+. “You know the term soft bundle and hard bundle, right? Soft bundle is, hey, buy all three services for the low price of X. The hard bundle is when things become seamless and without friction. Right now, if you want to go from Hulu to ESPN+ to Disney+, you have to go out of one app to another app. In the future, we may have less friction,” Chapek told Variety.


If Disney+, Hulu and ESPN+ were to live inside one platform, many subscribers who already have the Disney Bundle would be overjoyed. While it most likely won’t be a full integration like HBO Max and Discovery+, it will still be an amalgamation of epic proportions. Disney+, Hulu and ESPN+ have a combined total of 235.7 million subscribers.

 

[Silkk]

What each streaming service has up its sleeve in 2023

What Disney+ is planning for 2023​

Looking back on 2022, Disney+ experienced a lot of major changes, including the launch of its ad-supported tier as well as the unexpected return of Bob Iger as CEO.

The “Disney+ Basic” plan is $7.99/month and was launched in order to give Disney+ more subscribers. The company wants to reach 230-260 million Disney+ subscribers by 2024. In the fourth quarter of 2022, Disney+ reported 164.2 million global subscribers in total.

However, there is one major issue with the ad launch: Disney+ Basic is unavailable on Roku devices. TechCrunch estimates that Disney and Roku will reach an agreement to change that sometime in late 2023 — but that’s just a guess.


Alongside Disney+’s new subscription plan, the streamer introduced changes to the Disney Bundle as well as a price hike to its ad-free plan.

In November 2022, Bob Chapek stepped down as CEO of Disney and was replaced by Bob Iger, the former CEO, who had only vacated the spot in 2021. Hopefully, Iger can help the company achieve profitability by its fiscal 2024. In Q4 2022, when Chapek was still CEO, Disney’s direct-to-consumer division lost $1.5 billion in revenue.

In 2023, Disney+ is planning an international expansion to 30 additional countries, which would bring the total to over 160 countries. Over the summer, the streamer launched in 42 countries and 11 territories.

Also, beginning next year, Disney+ will be the exclusive international home for new “Doctor Who” episodes.


One significant feature coming to the streaming service is an exclusive shopping experience for Disney+ subscribers. The online shop, which is currently in the testing phase, offers users merchandise from Disney-owned brands, such as Star Wars, Marvel, Disney Animation Studios and Pixar. The company is also reportedly exploring the idea of a membership program similar to Amazon Prime. There are no official launch dates for either feature.

What Hulu is planning for 2023​

Not much happened for the Disney-owned streaming service Hulu this year, apart from annoying price increases and losing titles to rival Peacock. The streamer did however reach a milestone of 58 Emmy nominations. Hulu is also beginning 2023 with 47.2 million subscribers.

If you’ve been following the Disney/Comcast spectacle, then you know that Disney is expected to buy Comcast’s stake in Hulu by the end of 2024. Comcast owns 33%, whereas Disney owns 66%. However, when Chapek was still CEO, he alluded in a Variety interview that Disney could buy the rights sooner than that — perhaps in 2023. This depends on if Comcast “is willing to have discussions that would bring that to fruition earlier,” Chapek said.

Whenever Disney ends up buying Comcast’s stake in Hulu — either by 2023 or 2024 — the company may be planning on merging Hulu with Disney+ and ESPN+. “You know the term soft bundle and hard bundle, right? Soft bundle is, hey, buy all three services for the low price of X. The hard bundle is when things become seamless and without friction. Right now, if you want to go from Hulu to ESPN+ to Disney+, you have to go out of one app to another app. In the future, we may have less friction,” Chapek told Variety.


If Disney+, Hulu and ESPN+ were to live inside one platform, many subscribers who already have the Disney Bundle would be overjoyed. While it most likely won’t be a full integration like HBO Max and Discovery+, it will still be an amalgamation of epic proportions. Disney+, Hulu and ESPN+ have a combined total of 235.7 million subscribers.

I asked you a yes or no question

 

[JLova]

Column: The real aim of big tech’s layoffs: bringing workers to heel

Wildly profitable tech companies are citing an as-yet notional recession to make deep workforce cuts. They may have another agenda.

www.latimes.com

According to an industry layoff tracker, the tech sector has eliminated some 220,000 jobs since the start of last year. If the laid-off tech workers formed a city, it’d be one of the most populous in the United States, bigger than Des Moines or Salt Lake City.




To that end, critics argue that simple greed is driving the layoffs; they point to the tens of billions’ worth of stock buybacks the tech companies authorized last year. The Verge’s Elizabeth Lopatto spoke with industry analysts who said that tech companies are evaluating their bottom lines differently, and concluded that they’re doing layoffs mostly because everyone else is, even though layoffs actually often cost a given company money. And the fact all these layoffs are happening in such rapid succession gives the companies some cover — making them seem elemental, inevitable.


Affected tech workers told me that they were struck by the randomness of the firings; senior members of staff in good standing, brilliant colleagues with sterling performance reviews, all shown the door, with little rhyme or reason. Many seemed to wonder why they were spared while their peers weren’t.

Hinnant said he knew plenty of people who lost their jobs across Microsoft — everyone does. “You can be the most important engineer at your job, you can be an awesome programmer, at the end of the day if the algorithm wants you gone you’re gone.”

An algorithm?

 

[Nicole0416_718_929_646212]

An algorithm?

Yes- that’s why that whole performance based appraisals are a myth right now

Layoffs in a likely recession this year could be determined by software programs

Layoffs in an anticipated recession this year could be made by software programs. Some experts worry the technology could miss nuances.

www.usatoday.com

Don’t blame your boss if you get laid off in a recession this year.

Blame Big Data.

A whopping 98% of human resources leaders say they’ll rely at least partly on software programs, or algorithms, to decide whom to cut if they have to conduct layoffs in an anticipated recession in 2023, according to a recent survey by Capterra, which helps small businesses choose software.

That’s up from just 2% of large companies that turned to Big Data in the Great Recession of 2007-09, according to Capterra, a unit of tech research giant Gartner. In November, Capterra surveyed 300 human resources managers at mostly larger firms as well as some small to mid-size businesses.

“Over the past 15 years, the market for HR software has exploded,” says Brian Westfall, Capterra’s principal HR analyst. Company officials “are relying on the systems…to make a ton of decisions and that will extend into the layoff decisions they make.”


Tech companies such as Amazon, Facebook parent company Meta and Twitter likely already have relied heavily on the software as they laid off tens of thousands of employees – a total of about 192,000, according to layoffs.fyi – in 2022 and early 2023, Westfall says. Last week, Microsoft announced 10,000 job cuts and Google, 12,000.

 

[Bleed The Freak]

I asked you a yes or no question

 

[Spence]

Mouse House caught 7000 bodies on top of the intentional talent drain from the RTO mandate

Was probably closer to 10k shed between both those moves. I’m curious to see how they deal with that type of brain drain

I was looking at Disney as well for a position they had open, glad I didn’t try to pursue that shyt. Got lucky with Amazon too, was also looking at Amex but they seem to be fine.